Declining Birth Rates and Economic Challenges

This chapter explores the alarming decline in birth rates in the U.S. and other wealthy nations, unpacking how factors like economic instability, high healthcare costs, and lack of paid family leave contribute to this trend. It discusses findings from the McKinsey Global Institute report on demographic shifts and the potential economic implications, including workforce challenges and impacts on GDP per capita. The chapter emphasizes the need for proactive adaptations to address the societal and economic impacts of changing demographic landscapes.